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Stock Yards Bank & Trust · 18 hours ago

Fair Banking Intern

Eastpoint, 1901 Eastpoint Pkwy, Louisville, Kentucky, United States of America

Internship

Onsite

Intern

Stock Yards Bank & Trust is a financial institution with a focus on compliance and fair lending practices. The Fair Banking Intern will assist in analyzing data related to fair lending laws, support compliance initiatives, and contribute to the monitoring and reporting processes within the Compliance Department.

Responsibilities

Supports the mission, vision, and philosophy of the Bank. Complies willingly with all organizational policies and procedures

Supports all functions that maintain compliance with regulatory agencies

Assist in analyzing loan data to identify patterns and ensure compliance with fair lending regulations

Conduct research on fair lending laws and recent enforcement actions to inform internal practices

Assist in responding to customer inquiries related to fair lending policies

Collaborate with the Compliance Department to integrate fair lending considerations into broader compliance initiatives

Monitor, ensure and maintain loan information quality and integrity to ensure regulatory compliance

Assist in identifying tracking and analyzing systematic and/or operational exceptions regarding data collection for all loans to identify patterns and ensure compliance with fair lending regulations

Support the preparation of reports on a scheduled basis for distribution to the applicable business units (including, but not limited to) for areas related to: Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Redlining, pricing disparities, disparate impact or treatment, Branch and ATM distributions, analysis of loan distribution patterns, analysis of peer and demographic data, market penetration, and monitoring and analysis of policy exceptions

Utilize resources to stay up to date with regulatory changes related to HMDA, CRA, Fair Lending, UDAAP, ECOA, Fair Lending and Section 1071 of the Dodd Frank Act

Participate in new product development and work closely with Compliance Advisors and applicable business units in the assessment of risk associated with these products

Assist in the investigation of consumer complaints for potential Fair Lending and UDAAP elements using the Bank’s complaint tracking system

Assist with the communication of compliance initiatives to partners throughout the bank, including contributing to the departmental newsletter

Assist in the development and communication of regulatory policies and procedures to management for review and approval

Assist with regulatory compliance training

Maintain understanding of the bank’s products, services, geographic locations, and the potential risks associated with those activities

Conduct special projects as the need arises

Assist with other compliance reviews as assigned

Perform other duties, as assigned